International Business News - Resources http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Asset-management company Franklin Resources Inc. on Thursday said its fiscal third-quarter profit dipped 14 percent on a decline in investment income, but beat Wall Street's estimates. http://www.ibtimes.com/articles/20080724/franklin-resources-3rd-qtr-profit-falls-14-percent.htm Thu, 24 Jul 2008 13:08:18 EDT Atlas Energy Resources LLC on Tuesday announced a distribution of 61 cents per common unit for the second quarter, an increase of 2 cents, or 3.4 percent, over the first quarter. http://www.ibtimes.com/articles/20080722/atlas-energy-resources-raises-distribution-3-4-pct.htm Tue, 22 Jul 2008 19:58:27 EDT Southwest electric utility PNM Resources Inc. and Continental Energy Systems LLC said Tuesday they have agreed to terminate PNM's pending acquisition of Cap Rock Energy Corp., a subsidiary of Continental. http://www.ibtimes.com/articles/20080722/pnm-resources-wont-buy-cap-rock-energy.htm Tue, 22 Jul 2008 19:12:55 EDT Shares of Range Resources Corp. rose Friday after an analyst upgraded the oil and gas company, and crude oil prices rebounded slightly on the New York Mercantile Exchange. http://www.ibtimes.com/articles/20080718/range-resources-shares-up-after-upgrade-oil-rises.htm Fri, 18 Jul 2008 11:44:16 EDT Oil and natural gas company EXCO Resources Inc. said Wednesday it is working with Goldman Sachs & Co. to explore a possible joint venture that could include the sale of up to 50 percent of its holdings in certain regions. http://www.ibtimes.com/articles/20080716/exco-resources-explores-possible-joint-venture.htm Wed, 16 Jul 2008 10:58:10 EDT Range Resources Corp. said Monday it expects production in the Marcellus Shale region to hit 30 million cubic feet per day in the first quarter of 2009 and that it is "extremely pleased" with its progress to date. http://www.ibtimes.com/articles/20080714/range-resources-extremely-pleased-with-marcellus.htm Mon, 14 Jul 2008 12:53:16 EDT Oil and gas producer Continental Resources Inc. on Thursday said a test of its second well in a promising area of North Dakota resulted in encouraging results. http://www.ibtimes.com/articles/20080710/continental-resources-bakken-shale-well-hits-big.htm Thu, 10 Jul 2008 12:02:55 EDT Natural gas distributor AGL Resources Inc. said Thursday rising natural gas prices are expected to cut second-quarter earnings per share by 43 cents to 47 cents. http://www.ibtimes.com/articles/20080710/costly-natural-gas-to-cut-agl-resources-2q-profit.htm Thu, 10 Jul 2008 11:01:11 EDT Toreador Resources Corp. said Wednesday its board has retained Merrill Lynch & Co. to assist in exploring alternatives. "Although we believe we have many exciting exploration prospects to evaluate over the next several years, we believe it only prudent to retain Merrill Lynch to assist us in developing a strategy that is in all respects in the best interests of shareholders," said Nigel Lovett, Toreador president and chief executive, in a statement. http://www.ibtimes.com/articles/20080709/toreador-resources-retains-merrill-to-mull-options.htm Wed, 09 Jul 2008 07:57:23 EDT Newpark Resources Inc. said Tuesday that the sale of its U.S. environmental business has been delayed following a request from the U.S. Federal Trade Commission for additional information. http://www.ibtimes.com/articles/20080708/sale-of-newpark-resources-business-unit-delayed.htm Tue, 08 Jul 2008 07:33:05 EDT GMX Resources Inc. said Monday that it will begin a drilling project in the Haynesville/Bossier Shale in the third quarter of this year, citing early success at nearby wells. http://www.ibtimes.com/articles/20080707/gmx-resources-to-begin-drilling-project.htm Mon, 07 Jul 2008 17:55:23 EDT Quicksilver Resources Inc. said Monday it will pay $1.31 billion for rights to north Texas land that may hold more than 1 trillion cubic feet of recoverable natural gas. http://www.ibtimes.com/articles/20080707/quicksilver-resources-buys-natural-gas-assets.htm Mon, 07 Jul 2008 07:46:22 EDT Electricity and natural gas producer and transporter Dominion Resources Inc. said Wednesday it will sell two natural gas distribution companies, one in Pennsylvania and the other in West Virginia, to an investment fund for $910 million. http://www.ibtimes.com/articles/20080702/dominion-resources-selling-2-gas-units-for-910m.htm Wed, 02 Jul 2008 08:05:24 EDT Energy and construction company MDU Resources Group Inc. said Tuesday it will buy Intermountain Gas Co., a subsidiary of privately owned Intermountain Industries Inc. http://www.ibtimes.com/articles/20080701/mdu-resources-to-buy-intermountain-gas.htm Tue, 01 Jul 2008 17:47:59 EDT Shares of Harvest Natural Resources Inc. fell sharply on Tuesday after a Jefferies analyst downgraded the independent oil and gas company to "Hold," saying Venezuela is becoming an increasingly difficult place to do business. http://www.ibtimes.com/articles/20080701/harvest-natural-shares-slip-after-jefferies-cuts.htm Tue, 01 Jul 2008 18:48:07 EDT Oil and gas producer TXCO Resources Inc. on Monday said it named Gary S. Grinsfelder as its president. James E. Sigmon, the company's previous president, retains the positions of chairman and chief executive. http://www.ibtimes.com/articles/20080630/txco-resources-names-new-president.htm Mon, 30 Jun 2008 12:02:55 EDT Utility Dominion Resources Inc. said Monday it's planning a pipeline project that would transport natural gas supplies to the eastern United States from the Appalachian Basin. http://www.ibtimes.com/articles/20080630/dominion-resources-plans-pipeline-project.htm Mon, 30 Jun 2008 08:37:34 EDT Utility Dominion Resources Inc. said Monday it has agreed to assign natural gas drilling rights on about 205,000 acres in the Appalachian Basin to privately held exploration and production company Antero Resources for $552 million. http://www.ibtimes.com/articles/20080630/dominion-resources-sells-drilling-rights-to-antero.htm Mon, 30 Jun 2008 08:24:50 EDT Shares of EXCO Resources Inc. advanced to an all-time high on Friday as crude-oil prices touched a fresh record and a Deutsche Bank analyst raised her price target on the oil and natural gas company. http://www.ibtimes.com/articles/20080627/exco-resources-touches-all-time-high-on-oil-prices.htm Fri, 27 Jun 2008 16:56:03 EDT Fitch Ratings on Friday raised the ratings outlook on Pioneer Natural Resources Co. to "Stable" from "Negative," citing the oil and gas company's low debt levels and growing cash flow. http://www.ibtimes.com/articles/20080627/fitch-lifts-pioneer-natural-outlook-to-stable.htm Fri, 27 Jun 2008 08:02:54 EDT